Leaders-Laggards
Ceasefire Extended, Gold Breaks, and the Rotation Gets Messy
Trump Extends Truce Indefinitely, GLD Prints a Gravestone Doji, Oil Whipsaws Between $90 and $93, and the Tech Leader Holds While
Leaders-Laggards
Leaders-Laggards
All-Time Highs and the Tech Inflection
Below is an assessment of the performance of some of the most important sectors and asset classes relative to each other with an interpretation of what underlying market dynamics may be signaling about the future direction of risk-taking by investors. The below charts are all price ratios which show
Leaders-Laggards
The Ceasefire Dividend
Oil Crashes 11%, the S&P Posts Its Best Day in a Year, and the Peace Trade Finally Has a Price
Leaders-Laggards
The Ceasefire Mirage
A Relief Rally Built on Headlines, an 11% Oil Spike, and the Longest Losing Streak Finally Snaps
Leaders-Laggards
The Deal That Isn’t a Deal
A 5-Day Pause, a 12% Gold Crash, and Yields That Won’t Come Down
Leaders-Laggards
War Premium and the Defensive Stampede
Negative Payrolls, $100 Oil, and a Market That Wants Nothing to Do With Risk
Leaders-Laggards
The Great Rotation Accelerates
Is This the Beginning of the End for U.S. Growth Dominance?
Leaders-Laggards
Solar’s Two-Speed Rally: Utility-Scale Strength Masks Residential Fragility
Early-2026 leadership in solar equities reflects record utility-scale build plans and policy-driven timing incentives, even as residential demand remains constrained by financing costs and tariff fric
Leaders-Laggards
From AI Scare Trade to Security Comeback
Extreme software rotation drove cyber to five-year valuation lows — even as demand and margins strengthened.
Leaders-Laggards
The Housing Inflection Point
How Rate Cuts and Pro-Supply Policy Could Ignite the Next Surge in U.S. Homebuilders
Leaders-Laggards
Software Is Not Dead. It’s Being Mispriced.
AI disruption fears, multiple compression, and why embedded platforms may be the real beneficiaries of automation.
Leaders-Laggards
REIT Leaders & Laggards: Rate Cuts, Trump 2.0, and the Real Estate Outlook
From Headwinds to Tailwinds: The Macro Reset for REITs